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Innovation in Emerging Economies: The Spillover Effects of Foreign Direct Investment and Institutions in Russia

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Institutional Impacts on Firm Internationalization

Abstract

Economic literature has long emphasized the positive relationship between innovation and economic growth (Baumol, 1968; Cooke, 1998). Innovation capability has been acknowledged to differ across countries and sub-national regions (Lee and Peterson, 2000; Acs et al., 2002; Fritsch, 2002; Michaelides et al., 2004). Academic literature, however, still lacks studies, examining the effect of the regional variations in the business environment on innovation output, for example, on patents, products or services (Rogers, 1998).

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Authors
  1. Natalya Smith
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  2. Ekaterina Thomas
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  1. Aalborg University, Denmark

    Svetla Marinova

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© 2015 Natalya Smith and Ekaterina Thomas

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Smith, N., Thomas, E. (2015). Innovation in Emerging Economies: The Spillover Effects of Foreign Direct Investment and Institutions in Russia. In: Marinova, S. (eds) Institutional Impacts on Firm Internationalization. Palgrave Macmillan, London. https://doi.org/10.1057/9781137446350_7

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